1 / 19

Property Enhancement Incentive Programs

Property Enhancement Incentive Programs. March 6, 2014 Dallas, TX. Panel Participants. Craig Hulse – City of North Richland Hills Director of Economic Development Julie Glover – City of Denton Econ. Development Program Administrator John Hubbard – Balch Springs EDC Executive Director

lali
Download Presentation

Property Enhancement Incentive Programs

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Property Enhancement Incentive Programs March 6, 2014 Dallas, TX

  2. Panel Participants • Craig Hulse – City of North Richland Hills • Director of Economic Development • Julie Glover – City of Denton • Econ. Development Program Administrator • John Hubbard – Balch Springs EDC • Executive Director • Greg Last – EDTBestPractices, LLC Introduction

  3. Presentation Overview • Purpose of programs • Types of Enhancements • Eligibility factors • Targeted Areas / Businesses • Funding Options / Grants • Evaluation Procedures • Case studies Introduction

  4. Purpose & Intent • Promote Economic Development • Revitalize existing commercial areas • Increase values of property • Assist existing or new businesses • Support unique architectural style

  5. Façade • Windows • Paint • Awnings • Brick / stone Types of Enhancements

  6. Landscaping • Removal of old plants • New plants / trees • Irrigation • Accent lighting Types of Enhancements

  7. Signage • Removal of pole signs • New signage • Changes in lighting • Relocation Types of Enhancements

  8. Parking & Drives • Remove or relocate existing drives • New parking paving • Resurfacing / striping Types of Enhancements

  9. Pedestrian Amenities • Benches / porch swings • Umbrellas • Front porch • Window boxes • Gazebos • Trellises Types of Enhancements

  10. Participants • Eligible: • Sole proprietors, for-profit, non-profit, no taxes or debt owed to City, in business 3 years • Ineligible: • Government agencies, residences, home businesses, on the CDBG Bad list Policy Components

  11. Eligible Improvements • Fixing code violation, ADA, windows, doors, façade materials, awnings, canopies, painting, repairing masonry or stucco, signage, lighting, walkways / entryways, drainage, parking resurfacing / striping, fencing, landscaping, tenant improvements, equipment, roof repair, security / alarm system, gutters / downspouts, power washing Policy Components

  12. Ineligible Improvements • Playground or recreational equipment, outdoor dining / seating, structural changes, additions more than 20%, “sweat equity”, unlicensed contract work, new commercial construction, burglar bars, interior remodel Policy Components

  13. Properties • Eligible: • Within City limits, zoned for commercial use, multi-tenant properties, new work • Ineligible: • Residential properties, check cashing, bars, taverns, liquor stores, gun shops, tattoo parlors, pawnshops, SOB, Policy Components

  14. Targeted Areas / Businesses • Downtown revitalization • Main commercial corridors • Entry portals to community • Certain types of businesses • Retail, restaurants, grocery, Policy Components

  15. Funding Options • CDBG Grants • Arlington • Econ. Devel. Incentive (EDI) funds from HUD • Main Street Programs • General Fund • EDC if authorized Funding

  16. Priorities • Within targeted areas • Targeted business • No ability to receive private funding • Those that are ready to begin work • Length of time in business • Vacant / unoccupied properties • Tax revenue projections / ROI Policy Components

  17. Procedures • Pre-submittal meetings • Application • Staff review & evaluation • Approval • Notice to proceed • Verification • Payment • Celebration! Policy Components

  18. Case Studies • North Richland Hills • Denton • Balch Springs

  19. Thanks! • Craig Hulse - North Richland Hills • Director of Economic Development • (817) 427-6091 • chulse@nrhtx.com • Julie Glover - Denton • Econ. Development Program Administrator • (940) 349-7732 • julie.glover@cityofDenton.com • John Hubbard - Balch Springs EDC • Executive Director • (972) 913-3009 • jhubbard@cityofbalchSprings.com (817) 992-6156 EDTBestPractices.com glast@EDTBestPractices.com Greg Last CED, AICP, RLA Chief Executive Officer

More Related